While you were sleeping: Wal-Mart, Twitter slide

Thu, 06 Oct 2016

By Margreet Dietz Oct. 7 (BusinessDesk) - Wall Street was mixed as investors awaited Friday’s nonfarm payrolls report to gauge the timing of a Federal Reserve interest rate hike. A Labor Department report showed US initial jobless claims fell to 249,000 last week, the second-lowest level since 1973, underpinning bets the Fed will raise rates soon. Economists polled by Reuters forecast nonfarm payrolls to increase by 175,000. “There’s no question about it, these are good numbers,” David Sloan, senior economist at 4Cast in New York, told...

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